GCC 'significant player in world economics'

Author: 
ARAB NEWS
Publication Date: 
Fri, 2012-01-27 00:31

The conference includes a host of high-profile speakers who will address the critical market factors this year, according to a statement received here.
The Financial Markets Division of the National Bank of Abu Dhabi (NBAD) has been organizing the annual Global Financial Markets Forum (GFMF) since 2009.
The fourth GFMF will be held in Emirates Palace on February 29 and March 1.
"The economic influence of Abu Dhabi and the Gulf Cooperation Council (GCC) continues to rise and this is why NBAD, the number one bank in the UAE, organizes the Global Financial Markets Forum to facilitate discussion and debate to aid investors, and create greater awareness about our region," says Mahmood Al-Aradi, senior general manager of NBAD's Financial Markets Division.
"Organizing this major event and gathering so many renowned policy-makers and talking heads in Abu Dhabi certainly helps to raise Abu Dhabi's profile to new heights," he said.
He added: "2012 is starting with many questions about the state and direction of the world economy so we have arranged for some of the most influential thinkers and shakers to attend this year's Global Financial Markets Forum to address and debate what is on horizon this year."
Al-Aradi said:"The GCC's global influence is now beyond being a major supplier of fossil fuel. The region is now a significant player in the world economics as a hub of finance, a tourist destination and a large consumer market. It is also expanding the manufacturing sector."

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